Tag Archives: Revenues

Revenues

Digi Communications Reports 19% Growth in Q1 2025 Revenues and Continued Expansion Across European Markets

BUCHAREST, Romania, 15-May-2025 — /EuropaWire/ — Digi Communications N.V., a leading European telecommunications company listed on the Bucharest Stock Exchange, has released its Q1 2025 financial report. A press release regarding this announcement has been issued on EuropaWire. The company reported consolidated revenues of EUR 532 million, marking a 19% year-on-year (YoY) increase, with adjusted EBITDA (excluding IFRS 16) of EUR 140.4 million, reflecting a slight 0.4% YoY growth. The company experienced a significant rise in revenue-generating units (RGUs), reaching nearly 29 million across mobile, broadband, Pay TV, and fixed telephony services, representing a 17% YoY growth.

CEO Serghei Bulgac highlighted the company’s ongoing expansion, particularly in Romania, Spain, Portugal, and Belgium, and the strong organic growth in RGUs, with over 1 million new users across the Group. Notable achievements include surpassing 6 million mobile users and 2 million broadband subscribers in Spain. Digi also reported progress in its newer markets, especially in Portugal, where operations began in November 2024, reaching 755k RGUs by the end of Q1 2025.

The company’s mobile segment continues to be a key revenue driver, making up 47% of total RGUs across all markets. Romania showed strong results, with mobile services increasing by 12.7%, while broadband and Pay-TV grew by 6.8% and 3.4%, respectively. Spanish operations saw impressive gains, with mobile users increasing by 25%, broadband users by 39%, and fixed services by 29%. In Italy, mobile services grew by 15%, while Portugal’s operations focused on a full range of telecommunication services, including mobile, broadband, and Pay-TV.

Digi is also proposing a gross dividend of RON 1.35 per share for the 2024 financial year, maintaining its commitment to increasing dividends annually since its IPO. The company’s strong performance across multiple markets reinforces its confidence in its long-term strategy and commitment to delivering shareholder value.

SOURCE: EuropaWire

Despite soaring oil prices Emirates Group posts record profits

The Emirates Group has reported its 20th consecutive year of net profit, notching a new profit record despite soaring oil prices and challenging business conditions in the second half of its 2007-08 fiscal year.

The Emirates Group net profits increased 54.1% to AED 5.3 billion (US$ 1.45 billion) for the financial year ended 31st March 2008, on revenues of AED 41.2 billion ($ 11.2 billion) compared to the previous year’s AED 31.1 billion ($ 8.5 billion). The Group’s net margin improved to 13.2% from 11.4% in the previous year.

The 2007-08 Annual Report of the Emirates Group – comprising Emirates Airline, Dnata and subsidiary companies – was released in Dubai at a news conference hosted by His Highness Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline and Group.

The Group’s latest record performance reflects its success in growing customer demand through the strategic expansion of its business operations across six continents, supported by ongoing investments in the latest technology, products and customer service while keeping a tight rein on costs. This is illustrated by the 21.2 million passengers who flew with Emirates in the latest financial year, 3.7 million more than in the previous year; as well as the expansion of Dnata’s international ground handling operations to 17 airports in seven countries.

Sheikh Ahmed said: “It was another record year for the Group in spite of a challenging business climate, particularly in the second six months where the soaring cost of jet fuel made a big dent, although the impact was partly offset by other operating gains.”

He continued, “Despite the long-term forecast of a decrease in the number of passengers traveling in First and Business class, I am happy to report that Emirates once again bucked the trend and boosted our seat factor in the forward cabins. Emirates is fortunate to be located in Dubai at the centre of the new Silk Road between East and West. I believe the threat of an economic downturn will be offset for Emirates by the boom in the Middle East, especially the thriving travel industry of tourism and commerce.”

Sheikh Ahmed concluded: “The Group’s excellent performance this year is very satisfactory. As with previous years, we do not intend to rest on our laurels. We plan to secure our future growth by investing in the latest technology and products, so that we can continue to provide our customers with the high quality experience that they have come to expect from us.”

Another area of expansion for the group over the past 12 months was the growth of the Emirates Hotels & Resorts from its original Al Maha property into a multi-property hotel operation with International Central Reservations, a Corporate Sales and Business Development unit, global online distribution systems and support services for the design and development of its growing resort portfolio.

In all, the Emirates Group’s Facilities/Projects Management department commissioned and opened AED 2.12 billion ($578 million) worth of new buildings during 2007-08, including the impressive new Emirates Group Headquarters, the Engineering Centre, Dnata Cargo’s Free Zone Logistics Centre, The Harbour Hotel & Residence, and a new crew training college. Projects currently in progress total AED 3.9 billion ($1.1 billion), including new buildings in Dubai such as the Destination & Leisure Management Annexe, Emirates Call Centre and staff accommodation at Ras Al Khor, Al Majan and Media City.

As of 31st March 2008, the Group employed 35,286 staff, representing 145 different nationalities. During the year, the Group hired more than 7,000 people including 2,000 cabin crew and 400 new flight deck crew.

Via EPR Network
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